GURUFOCUS.COM » STOCK LIST » Technology » Software » Speed Commerce Inc (OTCPK:SPDC) » Definitions » Interest Coverage

Speed Commerce (Speed Commerce) Interest Coverage : 0 (At Loss) (As of Dec. 2015)


View and export this data going back to 1993. Start your Free Trial

What is Speed Commerce Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Speed Commerce's Operating Income for the three months ended in Dec. 2015 was $-11.4 Mil. Speed Commerce's Interest Expense for the three months ended in Dec. 2015 was $-7.2 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Speed Commerce's Interest Coverage or its related term are showing as below:


SPDC's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 29.45
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Speed Commerce Interest Coverage Historical Data

The historical data trend for Speed Commerce's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Speed Commerce Interest Coverage Chart

Speed Commerce Annual Data
Trend Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.39 - - - -

Speed Commerce Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Speed Commerce's Interest Coverage

For the Software - Application subindustry, Speed Commerce's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Speed Commerce's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Speed Commerce's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Speed Commerce's Interest Coverage falls into.



Speed Commerce Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Speed Commerce's Interest Coverage for the fiscal year that ended in Mar. 2015 is calculated as

Here, for the fiscal year that ended in Mar. 2015, Speed Commerce's Interest Expense was $-8.6 Mil. Its Operating Income was $-23.8 Mil. And its Long-Term Debt & Capital Lease Obligation was $96.5 Mil.

Speed Commerce did not have earnings to cover the interest expense.

Speed Commerce's Interest Coverage for the quarter that ended in Dec. 2015 is calculated as

Here, for the three months ended in Dec. 2015, Speed Commerce's Interest Expense was $-7.2 Mil. Its Operating Income was $-11.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.2 Mil.

Speed Commerce did not have earnings to cover the interest expense.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.


Speed Commerce  (OTCPK:SPDC) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Speed Commerce Interest Coverage Related Terms

Thank you for viewing the detailed overview of Speed Commerce's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Speed Commerce (Speed Commerce) Business Description

Traded in Other Exchanges
N/A
Address
1303 East Arapaho Road, Suite 200, Richardson, TX, USA, 75081
Speed Commerce Inc is a provider of flexible end-to-end e-commerce services to retailers and manufacturers. It provides Web platform development and hosting, order management, fulfillment, logistics and contact center services, which provide clients with transaction-based services and information management tools. It manages fulfillment center from four facilities located in Pennsylvania, Ohio, Missouri, and Texas, utilizing automation technology, such as unit sortation, pick-to-pack conveyors and radio frequency (RF) scanning.
Executives
Richard Willis director, officer: President and CEO 7400 49TH AVE. NORTH, NEW HOPE MN 55428
Bradley J. Shisler director 7400 49TH AVENUE NORTH, NEW HOPE MN 55428
Rebecca Lynn Atchison director 10355 PECAN PARK BOULEVARD, AUSTIN TX 78729
Kathleen P Iverson director 5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Steven R Becker other: Member of a 13(d) 10% Group 5525 NAKOMA DRIVE, DALLAS TX 75209
Northern Right Capital Management, L.p. other: Member of a 13(d) 10% Group 9 OLD KINGS HWY. S., 4TH FLOOR, DARIEN CT 06820
Bc Advisors Llc other: Member of a 13(d) 10% Group 500 CRESCENT COURT, SUITE 230, DALLAS TX 75201
Becker Drapkin Partners, L.p. other: Member of a 13(d) 10% Group 500 CRESCENT COURT, SUITE 230, DALLAS TX 75201
Northern Right Capital (qp), L.p. other: Member of a 13(d) 10% Group 9 OLD KINGS HWY. S., 4TH FLOOR, DARIEN CT 06820
Matthew A Drapkin other: Member of a 13(d) 10% Group 10 CORBIN DRIVE, 3RD FLOOR, DARIEN CT 06820
David Dalvey director C/O BLUE ROCK ADVISORS, INC., 80 SOUTH EIGHTH STREET SUITE 3915, MINNEAPOLIS MN 55402

Speed Commerce (Speed Commerce) Headlines

From GuruFocus

Navarre Corporation: Activist Investor as Catalyst (NAVR)

By voisin Frank Voisin 03-11-2011

Weekly CEO Buys Highlight: NAVR, PNK, WHR, NCMI, VITC

By hyperman299 hyperman299 11-13-2011

Navarre Corp. Reports Operating Results (10-K)

By gurufocus 10qk 06-11-2010

Navarre Corp. Reports Operating Results (10-Q)

By gurufocus 10qk 08-16-2010

Navarre Corp. Reports Operating Results (10-Q)

By gurufocus 10qk 02-09-2010

Navarre Corp. Reports Operating Results (10-Q)

By gurufocus 10qk 02-09-2011

Navarre Corp. Reports Operating Results (10-Q)

By gurufocus 10qk 11-13-2009